A change in price will lead to a change in __________ and to a change in __________, while a change in government subsidies will lead to a change in __________ and a change in the number of buyers will lead to a change in __________

A) quantity demanded; quantity supplied; supply; demand
B) demand; quantity supplied; supply; quantity demanded
C) quantity demanded; supply; quantity supplied; demand
D) quantity supplied; quantity demanded; demand; supply
E) quantity demanded; demand; quantity supplied; supply

A

Economics

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If the United States exports 6 million bushels of corn to Japan and thereby earns income with which it imports 3 million digital video recorders from Japan, the United States' terms of trade with Japan for corn and digital video recorders is 2:1.

a. true b. false

Economics

For an economy in which there is no technological progress, explain what must occur for the steady state to occur. Also explain what this implies about the rate of growth of output, output per worker, and the capital stock

What will be an ideal response?

Economics